China's weekly farm-produce prices retreat

Source: Xinhua| 2021-09-01 15:55:01|Editor: huaxia

BEIJING, Sept. 1 (Xinhua) -- China's farm-produce prices retreated slightly last week, data from the Ministry of Commerce showed.

From Aug. 23 to 29, the overall price of farm produces edged down 0.6 percent on a weekly basis.

The wholesale price of pork dropped 1.7 percent week on week to 19.83 yuan (about 3.07 U.S. dollars) per kg. The wholesale prices of mutton and beef fell 0.6 percent and 0.3 percent, respectively.

The wholesale price of eggs decreased 0.4 percent on a weekly basis, and that of chicken remained flat week on week.

The average wholesale prices of 30 types of vegetables went down 0.2 percent from a week earlier.

Food accounts for approximately one-third of China's consumer price index (CPI), a main gauge of inflation.

The CPI rose 1 percent year on year in July, lower than the 1.1 percent year-on-year growth recorded in June, data from the National Bureau of Statistics showed. Enditem

KEY WORDS: China,Farm Produce,Price